Market Status CLOSED Friday 19 April 2019

News

Equity Group Holdings PLC Audited Financial Statement for the Period Ended 31st December 2018.

 

Dividents: Subject to approval of shareholders at the Annual General Meeting schdeduled for Tuesday 30th April 2019 at the Kenyatta International Convention Centre (KICC), Nairobi at 10am,   the Directors have recommended a first and final dividend of Kshs. 2.0/= per each ordinary share of  Kshs 0.50/= for the year ended 31st December, 2018. The proposed divident will be payable on or about 31st May 2019, net of withholding tax to shareholders on the register at the close of business on Friday, 26th April, 2019.

 

UMEME LIMITED 2018 FINANCIAL RESULTS

As a result of our investments strategy and operational performance, we registered growth in financial performance for the year ended 31 December 2018.

Whereas electricity sales increased by 13% to UShs 1,601 billion in the year 2018, net revenues (after adjustments) increased by 0.8% to 1,493 billion in 2018 compared to 2017. The growth in electricity sales was driven by increased demand and tariff applicable during the year

NVL Financial Half Year Results 2018

Overall Turnover slightly declined by 2.35 % from last year. Circulation , overall Advertising and Events’ revenue streams registered growth of 5.24% , 0.82% and 20.96% respectively while Commercial Printing revenue declined by 33.11% from the same period last year.

Print and Digital advertising revenues grew by 4.82% and 32.0% respectively while Radio and Television revenues declined by 11.92% and 2.21% respectively.

The decline in revenue was largely due to the continued drop in print advertising media spend and a general low economic activity level in the industry.

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